Projects Under Development
The largest project under development is the redevelopment of 470 Main Street, from a nearly vacant five story building into the centerpiece of a new downtown Fitchburg. When completed we will create 31 new apartments, a new small business center and homeownership center, brand new offices for the CDC on Main Street, and continued us of the building as TD Banknorth’s offices in Fitchburg. We are in the process of lining up our financing. We appreciate the help of the City of Fitchburg, Neighborworks America, the Department of Housing and Community Development and Congressman John Olver, who have helped us secure the key early financing for this project.
The CDC is also undertaking our first projects ever in Leominster. At 125 Tisdale Street we are currently in the process of selling this home to an income eligible first-time homebuyer. Please go to our
home page for more information on this great opportunity.
Our second Leominster project that is just underway is on Roundhouse Road. Located at the Leominster Fitchburg line we are working with the Leominster Technical School to create another affordable housing unit in Leominster.
We continue to look for other development opportunities. So if you know of a project on which the CDC could work, please give us a call.
